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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

With a traditional job, all you need to file your taxes is your W-2 tax form at the end of the year, showing what you made and how much you had withheld for federal and state taxes. With freelancing, you’ll likely have multiple clients, each sending you a 1099-NEC form (previously a 1099-MISC) showing what they paid you.

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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

It’s possible to have missed opportunities in areas where you might have been able to restructure your personal finances. ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. This lifestyle choice can also have tax advantages.

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Why Your Boss Isn’t Coming To The Office

Allwork

When broken down by income, those making more than $150K were the ones most likely to say they have a strong desire to work from home. This trend is more common in white-collar industries such as finance and professional services, especially in larger companies. This bias can be particularly potent when it comes to work arrangements.

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Best Business Technology for Small Businesses & Their Owners (28 ideas from them to you!)

Stephanie LH Calahan

  Even if you are not the most technical person on your block, you probably have some form of technology in your life that you love.  Quicken Home & Business is the best software for small business owners. Reasonably priced and incredibly durable it is a must have for any home office or small business.

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Reducing Overheads Can Save A Business | THE SMALL BUSINESS BLOG

The Small Business Blog

In the simplest form this means having more money coming in than is going out. The term ‘business overhead’ refers to the general cost of running a business; this can include carrying an inventory, supplies, staff and premises. Is it possible that you could conduct your business from a home office?

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